Home / Front Page/ World Bank grants Sri Lanka $125 m to improve productivity and climate resilience of agriculture

World Bank grants Sri Lanka $125 m to improve productivity and climate resilience of agriculture


Comments / {{hitsCtrl.values.hits}} Views / Monday, 11 March 2019 01:15


The World Bank Board of Directors last week had approved a $125 million credit for Sri Lanka to improve the climate resilience and productivity of agriculture for more than 470,000 small farmers in six Provinces in the dry zone of the country. The Provinces selected are those that are most exposed to climate impacts.

Sri Lanka is particularly vulnerable to climate-related natural disasters such as floods and droughts. The agriculture sector, which contributes approximately 7.7% to the country’s economy and employs 27% of the population – more than 38% of whom are women – is especially affected.

“Innovation, including the introduction of improved crop varieties, cropping patterns, water resources management, amongst others, can help farmers adapt to changing climate and improve their incomes and livelihoods,” said World Bank County Director for Maldives, Nepal and Sri Lanka Idah Z. Pswarayi-Riddihough,.

“The project will ensure that all farmers get adequate access to training and research. Currently, only 10% of women benefit, and this project will help bridge this gap and improve productivity of both men and women working in agriculture.”

This project will support smallholder farmers living in climate ‘hotspot’ areas to increase their access to irrigation and management of water resources, in conjunction with support to enable farmers to adopt climate smart technologies, resulting in increased agricultural productivity and improved access to markets. The project will emphasise working through farmer groups, including for irrigation water management and will bring in the private sector to enable increased commercialisation of smallholder farming.

“This project will build on Sri Lanka’s long history of water management for agricultural production,” said World Bank Senior Rural Development Specialist Seenithamby Manoharan. “The goal is to improve agricultural productivity and climate resilience, working in close coordination with several government and non-government organisations and private sector, including community groups and beneficiaries.”

The new Climate Smart Irrigated Agriculture Project will be implemented by the Ministry of Agriculture, Rural Economic Affairs, Livestock Development, Irrigation and Fisheries and Aquatic Resources along with the six Provincial Councils participating in the project.

The total project cost is $140 million, including a $125 million credit from the International Development Association, with a $10 million contribution from the Government, and a $5 million contribution from the project beneficiaries.


Share This Article

Facebook Twitter


DISCLAIMER:

1. All comments will be moderated by the Daily FT Web Editor.

2. Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.

3. We may remove hyperlinks within comments.

4. Kindly use a genuine email ID and provide your name.

5. Spamming the comments section under different user names may result in being blacklisted.

COMMENTS

Today's Columnists

Roots of the crisis

Saturday, 14 December 2019

The candidates who had genuinely contested the Presidential Election had elaborate and attractive election manifestos. But none of them had a pragmatic program to address the basic question of how to overcome the extensive crisis Sri Lanka is facing.


What price reforms now that progress rules?

Friday, 13 December 2019

It was a famous victory. A shadow of a doubt persists after an election commission member spoke up recently, after the event, about an alleged irregularity somewhere in the voting system works. But this would be churlish, buffoonish and academic to t


Assessment of fitness and propriety of directors and officers

Friday, 13 December 2019

In the early ’80s, a businessman turned financier from the hill capital started a public deposit canvassing drive by offering 20% interest per month. The depositors were offered on the spot payment of 20% as interest for the first month for their d


How to select top officials to public corporations

Friday, 13 December 2019

It is commendable that the President wants to select suitable decision-makers to public corporations without them being mere and ad hoc political appointments. However, the process thus far seems somewhat weak. Various people are complaining about th


Columnists More